Home prices
Somerset's median home cost is $1,475,800. In comparison to its nearby areas this is roughly $254,540 (20%) higher.Compared to the rest of the nation it is about $1,258,300 (578%) higher, and compared to the city of Washington is roughly $874,300 (145%) higher.
Rents
The median rent in Somerset is $3,501 per month. Compared to the surrounding areas it is roughly $843 (31%) higher.Compared to the country as a whole it is roughly $2,439 (229%) higher, and is about $1,960 (127%) higher compared to the city of Washington.
Nearby places
Bethesda
Bethesda is Somerset's neighbor to the northwest. Its housing prices are substantially less expensive. The median home in Bethesda is valued at $911,000, which works out to $564,800 (61%) lower than Somerset. Rents there are substantially less expensive. Bethesda's median monthly rent is $2,026, which works out to $1,475 (72%) lower than Somerset.
Chevy Chase Village
Chevy Chase Village is roughly 0.8 miles east of Somerset. Real estate prices there are a little more expensive. The median home value in Chevy Chase Village is $1,724,500, which comes out to $248,700 (14%) higher than Somerset. Its rents are a bit less expensive. The median rent in Chevy Chase Village is $2,875 a month, which is $626 (21%) lower than Somerset.
Martin's Additions
Martin's Additions is approximately 1 mile northeast from Somerset. Housing prices there are a little less expensive. The median home value in Martin's Additions is $1,160,100, which is $315,700 (27%) lower than Somerset. Its rents are a lot less expensive. Martin's Additions's median monthly rent is $2,583, which comes out to $918 (35%) lower than Somerset.
Chevy Chase Section Five
Chevy Chase Section Five is roughly 1 mile northeast from Somerset. The housing prices there are a little less expensive. The median home in Chevy Chase Section Five is valued at $1,264,900, which works out to $210,900 (16%) lower than Somerset. The rent there is similar. In Chevy Chase Section Five the median rent is $3,501 a month, which is very similar to Somerset.
Brookmont
Brookmont is approximately 1 mile southwest of Somerset. The housing prices there are a lot less expensive. The median home in Brookmont is valued at $1,045,800, which is $430,000 (41%) lower than Somerset. The rent there is a lot less expensive. In Brookmont the median monthly rent is $2,306, which comes out to $1,195 (51%) lower than Somerset.
